Shamrao Vithal Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Shamrao Vithal Bank Pune Pune Maharashtra

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MICR Code
Bank Shamrao Vithal Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pune Urban Bank Ambegaon Bank
Contact 8669919314
Bank Details Shamrao Vithal Co-Op Bank Ltd Pune Urban Bank Ambegaon Bank SVCB0005020
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411048
Country IN
Address Sr. No. 56/8a/25a/9a, shop no 5, gagan unnati scheme wing a, ambegaon-kondhwa road, kondhwa road, kondhwa bk, pune 411048
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 411307020 for Pune Urban Bank Ambegaon Bank branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 411307020 of Shamrao Bank, Pune Urban Bank Ambegaon Bank branch makes the system almost error free and faster. Use of Shamrao Bank MICR codes for Pune Urban Bank Ambegaon Bank branch, makes the characters readable even if there are other marks and stamps on it.

A total of 84 branches of Shamrao Vithal Co-Op Bank Ltd are available with micr code -

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MICR code for Shamrao Vithal Bank Pune Urban Bank Ambegaon Bank

Shamrao Vithal Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Shamrao Bank MICR code for Pune Urban Bank Ambegaon Bank is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 411307020 is the MICR code of SVC Bank for Pune Urban Bank Ambegaon Bank branch. MICR code for Pune Urban Bank Ambegaon Bank branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Shamrao Bank Pune Urban Bank Ambegaon Bank is presented in the table alongside.

Use of Shamrao Bank MICR code for Pune Urban Bank Ambegaon Bank branch in pune

The MICR code 411307020 is used in RBI cheque clearing process to identify the branch Pune Urban Bank Ambegaon Bank and Shamrao Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of SVC Bank is typically in either of these two font’s: E-138 and CMC-7.

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